Sun power to replace hydro power in Albania

The production of sun power in Albania and the reduction of its dependency from the import of energy and hydro power. This is the essence of a memorandum of understanding that the minister of Energy and Industry, Damian Gjiknuri and head of EBRD in Albania, Matteo Colangeli signed in Tirana with the aim of encouraging sustainable investments for this type of energy.

“Through a transparent process based on the new legislation concerning renewable energy, our scope is to secure the necessary funding in regards to the production of sun power, just like we plan on producing wind generated power”, Gjiknuri said.

Meanwhile, head of EBRD in Albania, Matteo Colangeli said that the signing of this memorandum is an important step for project regarding production of sun power in Albania. /balkaneu.com/